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Self-employed or own a limited company

Spence: Tax Savings Calculator

by Stephen Dixon

What is it about?

Self-employed or own a limited company? Spence helps you calculate the tax savings on any given cost of doing business! Buying things for business purposes lowers your tax bill at the end of the year and this, in turn, means there's a related saving on each business purchase. Rather than wait until the end of the business year, using a super neat algorithm, Spence gives you the exact amount you'll be paying out of your own pocket or profits!

App Details

Version
1.1.0
Rating
NA
Size
7Mb
Genre
Finance Utilities
Last updated
June 8, 2018
Release date
November 27, 2017
More info

App Store Description

Self-employed or own a limited company? Spence helps you calculate the tax savings on any given cost of doing business! Buying things for business purposes lowers your tax bill at the end of the year and this, in turn, means there's a related saving on each business purchase. Rather than wait until the end of the business year, using a super neat algorithm, Spence gives you the exact amount you'll be paying out of your own pocket or profits!

MAIN FEATURES

> GIVES YOU THE EXACT AMOUNT YOU'LL BE SPENDING
Spence does the hard part—something which most other accounting software doesn't do—by giving you an exact cost of an item. Eyeing up the new iPhone X at £999? Depending on your income, buying the iPhone X as a business purchase will cost you £599.40 with what you'll save in tax deductions!

> ADJUSTABLE PERCENTAGE
You can set how much of a purchase can be expensed for business. Using an iPad for both work and pleasure? Set the percentage to 50% and Spence does the calculations for you.

Spence is super simple to use and has a beautiful user interface and user experience. It's all about giving you the information so that you can make the most informed business purchases!

We're keen to expand on Spence making it an indispensable tool to help you make better and more information business finance decisions!

Follow Spence on Twitter - https://twitter.com/spenceapp

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